Silver will renew its ATH 🤑
Against the backdrop of escalating tensions surrounding Iran, silver has returned to $96. If it breaks through $100, it will open the way to testing and even renewing its ATH above $120, should tensions intensify.
Technical indicators point to growth: daily and weekly charts support the trend. However, a bearish divergence is forming, which cannot be ignored. Any news about the end of the conflict could turn the market around.
The trigger for the new ATH scenario is an RSI break above 77 🕯
Long positions in gold and silver may strengthen if the US stock market falls.
But at the first news of Iran's readiness for negotiations, the situation on the financial markets will instantly reverse 🔪
Against the backdrop of escalating tensions surrounding Iran, silver has returned to $96. If it breaks through $100, it will open the way to testing and even renewing its ATH above $120, should tensions intensify.
Technical indicators point to growth: daily and weekly charts support the trend. However, a bearish divergence is forming, which cannot be ignored. Any news about the end of the conflict could turn the market around.
The trigger for the new ATH scenario is an RSI break above 77 🕯
Meanwhile, the situation is heating up:
▪️ Friendly fire from air defense systems shot down 1-3 US fighter jets over Kuwait.
▪️ Iran is attacking tankers in the Strait of Hormuz and oil refineries in neighboring countries.
▪️ Iran, still in its dreams, has hit a US missile ship and the Israeli prime minister's office.
Long positions in gold and silver may strengthen if the US stock market falls.
But at the first news of Iran's readiness for negotiations, the situation on the financial markets will instantly reverse 🔪